The Mart, part of Sklavenitis, has agreed with AB Vassilopoulos to acquire 13 stores in the ENA Cash & Carry chain across Greece, strengthening its wholesale presence and its service to business customers.
According to an announcement, the agreement forms part of The Mart’s broader strategic plan to expand its network, both in areas where it already operates and in new geographic markets.
The aim is to broaden its customer base and better serve business customers by offering high-quality products and services.
Of particular importance is the provision to retain all jobs at the 13 stores. As announced, the 386 employees will keep their jobs in full, with no job losses as part of the agreement.
Completion of the transaction is subject to approval by the Competition Commission, and it is expected to be implemented after the relevant decision is issued.
The agreement marks a significant reshaping of the cash-and-carry sector, as The Mart strengthens its footprint in the Greek market by acquiring an extensive store network and broadening its growth opportunities.